Shoukry: that the abolition of «Ciq» reduces the prices of imports from China

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Wednesday - 29 July 2015 - 12:41 AM

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Mr. / Ali Shoukry Deputy Chairman of Cairo Chamber confirmed that the abolition of China Inspection and Quarantine services ((CIQ)) is in favor of Egypt, explaining that the certificate has not generate to Egypt any benefit since its adoption; it was wasteful money in favor of Chinese side .

 

He added that the certificate has become like any commodities to be bought and sold and costs  from 3000 to $ 5000 and costs Egypt billions of dollars, explaining that the cancellation of the certificate in accordance with the decision of the Minister of Industry and Foreign Trade, will enable us to take advantage of  Rate differences, and the import process from China will be according to established rules with all other countries, and imports from China will be examined  according to the Egyptian or global standard specifications .